Food-grocery marketplace Jumbotail raises $85 mn in Series C funding round

Jumbotail will use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams

Jumbotail, a leading new retail platform and B2B ecommerce marketplace for food and grocery products, has raised an $85 million in a Series C round led by Artal Asia Pte Ltd, an affiliate of Invus, a global equity investment firm with over $10 billion of capital under management. Ajax Capital, the family office of veteran FMCG entrepreneur Ajay Gupta, also participated in the round. This Series C round was a combination of primary and secondary investments, with early investors Nexus Venture Partners and Kalaari Capital taking minor part-exits in the secondary. This takes the total capital raised by the company